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12/12/2018

Pound rupee Currency futures follow up analysis for 12 December 2018.

 Pamod Baviskar     10:22 AM     Pound Rupee Analysis, Pound Rupee Charts, Pound Rupee Indicators, Pound Rupee Resistances, Pound Rupee Supports, Pound Rupee Technical Analysis, Pound Rupee Trend     No comments   

NSE.GBPINR_1d_OHLC_2018-12-12 101613

POUND INR Future Daily Chart Technical Analysis

Pound rupee future of December expiry on last trading session closed at 90.96. We saw sharp recovery from 89 rupee low to almost 91.4 recovery target zone. 91.4 rupees is strong trend hurdle for pound and if it get above it with breakout then expect big rally in pound towards 93.75 to 98 rupees in December series. Below 91.4 rupees, pound will remain weak but daily chart indicators and oscillators are bullish so keep buy on dips view with stop loss and expect 91.4 as first target and then if breakout happen then expect 93.75 first and then possibly 98 rupees targets in this series.

On weekly chart 90 rupee is major support and above it on weekly closing basis, pound might trend towards previous targets of 93.8 and 99 rupees.

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